Fired From the Company That Made Him Famous, an Entrepreneur Seeks Payback
Macy’s has a partnership with Men’s Wearhouse, allowing customers to rent tuxedos from MW in Macy’s stores
- This is bold – I can’t think of another retailer also offering rentals
- I think rentals will disrupt retail over time (and tux rentals are nothing new) and agree it makes sense for retailers to hedge – but it’s hard to do this without making a trade-down from purchase to rental all too easy
- Macy’s has to believe they’re drawing a customer who was never going to buy a tux from them so they’d rather get a revenue share from MW than nothing at all (bonus: attracting a new, younger customer who might make actual purchases in the store)
Amazon Is Quietly Eliminating List Prices
- Amazon doesn’t believe it needs to offer price-value to customers – how nice!
- Will Amazon come right out and say customers may pay more for the Amazon convenience?
- Other retailers have learned how easy it is for the online customer to compare prices and buy at the lowest one… I hope Amazon does, too
E-Commerce Retailer Chubbies Beefs Up Loyalty Program
The company offers thank you gifts with customer orders, a successful but time-consuming process
- This is a refreshing twist on the points-based loyalty articles I usually see so I can imagine how welcome the thank you gifts are by customers
- Because the selection of these gifts varies and is a core piece of the value prop, Chubbies selected an inventory management platform that would facilitate what some might consider operationally optional (good for them!)
- Chubbies is a brand that’s sold online and via showroom – when will we stop referring to these companies as “e-commerce retailers”? (see headline)